Brighton Jones LLC Buys New Shares in Main Street Capital Co. (NYSE:MAIN)

Brighton Jones LLC purchased a new position in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,185 shares of the financial services provider's stock, valued at approximately $304,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. acquired a new stake in shares of Main Street Capital during the third quarter worth $28,000. Truvestments Capital LLC purchased a new stake in shares of Main Street Capital in the third quarter valued at about $39,000. Prospera Private Wealth LLC acquired a new position in shares of Main Street Capital during the third quarter worth about $50,000. Wilmington Savings Fund Society FSB purchased a new position in Main Street Capital during the third quarter worth about $50,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Main Street Capital by 59.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider's stock valued at $55,000 after purchasing an additional 405 shares during the period. Hedge funds and other institutional investors own 20.31% of the company's stock.

Analysts Set New Price Targets

Separately, B. Riley raised their price target on Main Street Capital from $49.00 to $51.00 and gave the company a "neutral" rating in a report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $48.80.

Main Street Capital Price Performance

MAIN stock traded up $0.48 during trading on Friday, reaching $61.93. 507,810 shares of the company were exchanged, compared to its average volume of 508,964. Main Street Capital Co. has a 52-week low of $43.90 and a 52-week high of $62.19. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market cap of $5.46 billion, a P/E ratio of 11.22 and a beta of 1.28. The stock's 50 day moving average price is $57.36 and its 200 day moving average price is $52.86.

Main Street Capital (NYSE:MAIN - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The financial services provider reported $1.00 earnings per share for the quarter, missing analysts' consensus estimates of $1.02 by ($0.02). The firm had revenue of $136.82 million during the quarter, compared to analyst estimates of $137.57 million. Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. During the same quarter in the prior year, the company earned $1.04 EPS. As a group, analysts predict that Main Street Capital Co. will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.30 per share. This represents a $3.60 annualized dividend and a dividend yield of 5.81%. The ex-dividend date is Friday, February 7th. Main Street Capital's dividend payout ratio (DPR) is presently 54.35%.

Main Street Capital Profile

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.